
Ilkka Perheentupa
About
Provided by Ilkka Perheentupa
Practice Areas
Mergers and Acquisitions, Intellectual Property, Capital Markets and Financial Regulatory, Energy and Infrastructure, Games and Entertainment, Media and Communications, Private Equity, Venture Capital and Growth Equity, Investment Funds, Healthcare and Life Sciences
Ilkka is the Managing Partner of Avance. He represents fund and industrial clients in mergers and acquisitions, investment and capital markets transactions, as well as shareholder, contractual and corporate matters. He has spent a significant part of his career in a corporate, capital markets and private equity practice in New York and London. Industries that Ilkka has recently served include private equity and venture capital, energy and infrastructure, gaming, media and entertainment, and technology. In addition to a Finnish law degree, Ilkka is also admitted to the New York State Bar.
Career
Avance Attorneys Ltd, Managing Partner 2022–
Avance Attorneys Ltd, Partner (2011–2021)
Goldman, Sachs & Co., Merchant Banking – Principal Investment Area, New York (2010–2011)
Weil, Gotshal & Manges LLP, New York, Senior Associate, Transactions – Private Equity (2006–2010)
Hannes Snellman, Helsinki, Associate (1998–1999), Senior Associate, Mergers and Acquisitions, Capital Markets (2002–2006)
Latham & Watkins LLP, London, Capital Markets Associate (2000–2002)
Professional Memberships
Finnish Bar Association, New York State Bar Association
Education
NYU Law School and Georgetown University, Fulbright Scholarship
LL.M. (Corporate)
2000
University of Helsinki
Master of Laws
1999
NYU Stern and Helsinki Business Schools
MBA studies
Chambers Review
Europe
Ilkka Perheentupa regularly represents private equity houses and technology companies in a range of transactions and corporate matters. He often acts on mandates with cross-border elements and is admitted to the New York State Bar.
Strengths
Provided by Chambers
"He is very visible in the market. He has lots of connections with the US market, and often acts on Finland-USA cross-border transactions."
"He is very visible in the market. He has lots of connections with the US market, and often acts on Finland-USA cross-border transactions."
Articles, highlights and press releases
31 items provided by Avance Attorneys
IPRally raises EUR 10 million in Series A funding
Avance advises IPRally Technologies, a Finland-based patent AI company, in raising EUR 10 million in Series A funding round led by Endeit Capital with participation of previous investors Join Capital, Spintop Ventures and Icebreaker.
Mandatum Asset Management invests in Nosto
Avance advises Mandatum Asset Management’s Growth Equity team in its EUR 15 million investment in Nosto, the world’s leading Commerce Experience Platform (CXP).
Avance advises the sellers in a sale of a majority stake in AutoVex, a leading used car consumer-to-business (C2B) online auction marketplace in Finland, to Schibsted.
Avance advises Frendy Oy in the acquisition of Triuvare Oy, a Finnish IT service provider with about 50 employees.
Avance advises Verso Fund II Ky and the other shareholders of Environics Oy in the sale of the company to Bertin Technologies, a portfolio company of FCDE, a Paris based private equity investor.
Nordic Climate Group to acquire MV-Jäähdytys
Avance advises Nordic Climate Group, a portfolio company of Altor, in the acquisition of MV-Jäähdytys, Finland’s leading independent supplier of heating and cooling services, including installation, maintenance, and repairs for cooling and heating systems and industrial kitchens.
Adelis’ public cash tender offer for all shares in Avidly
Avance advises Adelis Equity Partners Fund III in relation to its public cash tender offer for all shares in Avidly Plc.
CapMan Buyout to sell Fortaco Group to OEP
Avance advises CapMan Buyout in the sale of Fortaco Group, the leading strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs, to private equity firm One Equity Partners.
CapMan Buyout invests in SARC Architects
Avance advises CapMan Buyout in the investment in award-winning Finnish architectural firm SARC Architects.
Avance advises Altor Fund V in its investment in the artificial intelligence company Silo AI Oy, one of Europe’s largest private AI labs providing state-of-the-art AI expertise and tooling.
Renevo to acquire Remonttipartio
Avance advises Renevo Group, a portfolio company of Adelis, in the acquisition of Remonttipartio, a leading provider of pipeline renovation services, from Lehto Group.
Adelis to sell Valtti to Advania
Avance advises Adelis Equity Partners in the divestment of Valtti to Advania. Valtti covers the overall IT needs of companies, providing cloud services, modern workplace solutions, end-user services and cyber security capabilities.
Mandatum invests in Oddlygood Global
Avance advises Mandatum Asset Management (“MAM”) in its EUR 25 million investment in Oddlygood Global, which aims to be a leader in plant-based products.
Fortaco Group and Buisard have joined forces
Avance advises Fortaco Group in relation to the strategic alliance with Buisard, and establishment of the Fortaco Buisard Cabins entity within Fortaco Group.
MB Funds to sell Pinja to Norvestor
Avance advises MB Funds in the sale of the Pinja to private equity owner Norvestor. Pinja sells software solutions and software development services that it has developed for manufacturing industry, forest industry, and bioenergy and circular economy companies, as well as to trade, service, and publ
Combination of Boreo and Sievi Capital
Avance is advising Preato Capital AB, the largest shareholder of Sievi Capital Plc and the controlling shareholder of Boreo Plc, in relation to the proposed combination of Sievi Capital and Boreo.
Playtika acquires Reworks in deal valued up to MUSD 600
Avance advises Reworks Oy and its shareholders in the sale of the company to Playtika, an Israel-based game developer. Based in Helsinki, Reworks is a publisher of mobile apps that combine lifestyle content and social gaming, such as Redecor, which blends interior home design with social gaming.
Futureplay Games to join Plarium
Avance advises Futureplay and its shareholders in the announced sale to Plarium, a global leader in midcore mobile and PC games with more than 390 million users worldwide.
Mandatum Asset Management acquires Trevian’s fund business
Avance advises Mandatum Asset Management in the acquisition of real estate fund management company Trevian Funds AIFM Ltd.
Avance advises Adelis Equity Partners in the divestment of Quattro Mikenti Group (QMG), one of Finland’s leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation, to KLAR Partners.
Procuritas creates new IT services platform Frendy
Avance advises Procuritas in the creation of a new IT services platform based in Finland. The new company has been created through the acquisition of twelve IT services businesses.
Hologic to acquire Mobidiag Oy for $795 million
Avance advises Hologic, Inc. in the acquisition of Mobidiag Oy for an enterprise value of approximately $795 million.
MB Funds to invest in LähiRahoitus Oy
Avance advises MB Funds in their investment in LähiRahoitus Oy. LähiRahoitus is a leading provider of factoring services for the SME segment in Finland.
Avance advised Ontario Teachers’ Pension Plan Board (OTPP) and KKR on the acquisition of a total of a 40% interest in Caruna, the largest electricity distribution network in Finland, from First Sentier Investors.
Snowprint Studios secures further funding
Avance advised Snowprint Studios, a mobile game development studio with operations in Stockholm and Berlin, in its funding round led by Hiro Capital.
Avance advises Vapo Oy as lead counsel in the sale of its wholly owned subsidiary Nevel Oy to French private investment company Ardian. The total consideration on debt and cash free purchase price for Nevel is approximately EUR 656 million.
Procuritas exits Fidelix to Assemblin
Advised Procuritas Capital Investors V in the sale of the Fidelix group to Assemblin.
Advised Verso Fund II Ky and the other shareholders of Ginolis Oy in the sale of the company to CELLINK AB (publ) for a cash and debt-free purchase price of EUR 70 million.
Avance advises KKR in its investment in Wolt Enterprises Oy, a Helsinki-based technology company known for their food delivery platform. Wolt raises in total EUR 440 million in a financing round led by ICONIQ Growth.
Ruukki Construction to divest its Building Systems business
Advised Ruukki Construction, a subsidiary of SSAB, in the divestment of its Building Systems business to Donges Group, owned by the German-based investment company Mutares.
IPRally raises EUR 10 million in Series A funding
Avance advises IPRally Technologies, a Finland-based patent AI company, in raising EUR 10 million in Series A funding round led by Endeit Capital with participation of previous investors Join Capital, Spintop Ventures and Icebreaker.
Mandatum Asset Management invests in Nosto
Avance advises Mandatum Asset Management’s Growth Equity team in its EUR 15 million investment in Nosto, the world’s leading Commerce Experience Platform (CXP).
Avance advises the sellers in a sale of a majority stake in AutoVex, a leading used car consumer-to-business (C2B) online auction marketplace in Finland, to Schibsted.
Avance advises Frendy Oy in the acquisition of Triuvare Oy, a Finnish IT service provider with about 50 employees.
Avance advises Verso Fund II Ky and the other shareholders of Environics Oy in the sale of the company to Bertin Technologies, a portfolio company of FCDE, a Paris based private equity investor.
Nordic Climate Group to acquire MV-Jäähdytys
Avance advises Nordic Climate Group, a portfolio company of Altor, in the acquisition of MV-Jäähdytys, Finland’s leading independent supplier of heating and cooling services, including installation, maintenance, and repairs for cooling and heating systems and industrial kitchens.
Adelis’ public cash tender offer for all shares in Avidly
Avance advises Adelis Equity Partners Fund III in relation to its public cash tender offer for all shares in Avidly Plc.
CapMan Buyout to sell Fortaco Group to OEP
Avance advises CapMan Buyout in the sale of Fortaco Group, the leading strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs, to private equity firm One Equity Partners.
CapMan Buyout invests in SARC Architects
Avance advises CapMan Buyout in the investment in award-winning Finnish architectural firm SARC Architects.
Avance advises Altor Fund V in its investment in the artificial intelligence company Silo AI Oy, one of Europe’s largest private AI labs providing state-of-the-art AI expertise and tooling.
Renevo to acquire Remonttipartio
Avance advises Renevo Group, a portfolio company of Adelis, in the acquisition of Remonttipartio, a leading provider of pipeline renovation services, from Lehto Group.
Adelis to sell Valtti to Advania
Avance advises Adelis Equity Partners in the divestment of Valtti to Advania. Valtti covers the overall IT needs of companies, providing cloud services, modern workplace solutions, end-user services and cyber security capabilities.
Mandatum invests in Oddlygood Global
Avance advises Mandatum Asset Management (“MAM”) in its EUR 25 million investment in Oddlygood Global, which aims to be a leader in plant-based products.
Fortaco Group and Buisard have joined forces
Avance advises Fortaco Group in relation to the strategic alliance with Buisard, and establishment of the Fortaco Buisard Cabins entity within Fortaco Group.
MB Funds to sell Pinja to Norvestor
Avance advises MB Funds in the sale of the Pinja to private equity owner Norvestor. Pinja sells software solutions and software development services that it has developed for manufacturing industry, forest industry, and bioenergy and circular economy companies, as well as to trade, service, and publ
Combination of Boreo and Sievi Capital
Avance is advising Preato Capital AB, the largest shareholder of Sievi Capital Plc and the controlling shareholder of Boreo Plc, in relation to the proposed combination of Sievi Capital and Boreo.
Playtika acquires Reworks in deal valued up to MUSD 600
Avance advises Reworks Oy and its shareholders in the sale of the company to Playtika, an Israel-based game developer. Based in Helsinki, Reworks is a publisher of mobile apps that combine lifestyle content and social gaming, such as Redecor, which blends interior home design with social gaming.
Futureplay Games to join Plarium
Avance advises Futureplay and its shareholders in the announced sale to Plarium, a global leader in midcore mobile and PC games with more than 390 million users worldwide.
Mandatum Asset Management acquires Trevian’s fund business
Avance advises Mandatum Asset Management in the acquisition of real estate fund management company Trevian Funds AIFM Ltd.
Avance advises Adelis Equity Partners in the divestment of Quattro Mikenti Group (QMG), one of Finland’s leading players in technical installation and services within electricity, heating, ventilation, sprinklers and automation, to KLAR Partners.
Procuritas creates new IT services platform Frendy
Avance advises Procuritas in the creation of a new IT services platform based in Finland. The new company has been created through the acquisition of twelve IT services businesses.
Hologic to acquire Mobidiag Oy for $795 million
Avance advises Hologic, Inc. in the acquisition of Mobidiag Oy for an enterprise value of approximately $795 million.
MB Funds to invest in LähiRahoitus Oy
Avance advises MB Funds in their investment in LähiRahoitus Oy. LähiRahoitus is a leading provider of factoring services for the SME segment in Finland.
Avance advised Ontario Teachers’ Pension Plan Board (OTPP) and KKR on the acquisition of a total of a 40% interest in Caruna, the largest electricity distribution network in Finland, from First Sentier Investors.
Snowprint Studios secures further funding
Avance advised Snowprint Studios, a mobile game development studio with operations in Stockholm and Berlin, in its funding round led by Hiro Capital.
Avance advises Vapo Oy as lead counsel in the sale of its wholly owned subsidiary Nevel Oy to French private investment company Ardian. The total consideration on debt and cash free purchase price for Nevel is approximately EUR 656 million.
Procuritas exits Fidelix to Assemblin
Advised Procuritas Capital Investors V in the sale of the Fidelix group to Assemblin.
Advised Verso Fund II Ky and the other shareholders of Ginolis Oy in the sale of the company to CELLINK AB (publ) for a cash and debt-free purchase price of EUR 70 million.
Avance advises KKR in its investment in Wolt Enterprises Oy, a Helsinki-based technology company known for their food delivery platform. Wolt raises in total EUR 440 million in a financing round led by ICONIQ Growth.
Ruukki Construction to divest its Building Systems business
Advised Ruukki Construction, a subsidiary of SSAB, in the divestment of its Building Systems business to Donges Group, owned by the German-based investment company Mutares.
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